Misys have revealed over 200 brokers are signed up to its regulatory support package Equip.

Misys claims the software, which is helping 1500 users to prepare for statutory regulation, reflects on-going FSA regulatory requirements.

Tony Mellor, marketing manager of Misys Insurance Management, said: "Many brokers need to move fast now, so that they will be ready to submit their application to the FSA.

"There is a vast amount to achieve, in an extremely tight timescale. Equip is much more than a training and competence package. It enables any business transacting general insurance to gear up to existing best standards, for a low monthly investment."